Supplemental Cash Flow Information

3 Months Ended

Mar. 31, 2015

Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 9 - SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid for interest during the three months ended March 31, 2015 and 2014 was $2,810,863 and $2,352,830, respectively.  Interest cost capitalized to Land Development was $70,679 and $63,971 for the three months ended March 31, 2015 and 2014, respectively.  

During the three months ended March 31, 2015, the Company assumed a mortgage totaling approximately $2.3 million for the acquisition of one community.

During the three months ended March 31, 2015 and 2014, the Company had Dividend Reinvestments of $489,841 and $452,312, respectively, which required no cash transfers.